In search of more investments Brazilian president Luiz Inacio Lula da Silva arrived this weekend in Spain where beginning next Monday he has a heavy schedule of political and economic meetings.
The Brazilian Senate narrowly voted Wednesday to absolve the embattled higher house president Renan Calheiros, a key ally of President Luiz Inacio Lula da Silva, who faced expulsion over corruption allegations.
The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported Wednesday the Brazilian Geography and Statistics Institute. This represents a 5.4% increase over the same period a year ago.
Brazil' government managed oil corporation Petrobras announced international investments totaling 15 billion US dollars in the 2008/2012 period, most of which in exploration and production in the Gulf of Mexico, Argentina and Western Africa.
Brazil's biggest airline, TAM Linhas Aereas said on Tuesday it postponed plans to increase its fleet of Airbus jets from 2008 to 2011 because of a drop in demand for domestic air travel.
Brazil's Supreme Court on Monday agreed to hear a corruption case against former Cabinet members in a 2005 bribes-for-votes scandal that seriously damaged the reputation of the president's party.
An initiative by Rio de Janeiro state government to withdraw from Brazil's nation-wide treaty exempting taxes on investments in oil exploration has become a major concern for the country's oil sector, said industry sources on Monday.
President Luiz Inacio Lula da Silva says he will not seek a third consecutive term as Brazil's leader, but will try to influence the choice of his successor who might come from outside his ruling party.
Brazil's government has promised to investigate allegations that its policy of settling landless communities in the Amazon is encouraging deforestation. Greenpeace has claimed that some of these areas are being exploited by logging companies, after what it says was an eight-month investigation.
The main runway at Brazil's biggest international airport was shut today and will remain closed for almost two months while construction crews rebuild the tarmac to improve safety.